Netflix (NFLX) posts $0.37, vs. $0.25 a year ago, second quarter GAAP EPS on a 27% revenue rise. It says revenue and subscriber were growth hurt by competition. It sees $0.11-$0.19 third quarter EPS, loss of $0.01 to $0.06 EPS in the fourth quarter. Lehman reportedly cuts to equal-weight. Needham downgrades to hold from buy.